New American Funding - Reviewed & Compared

Summary

New American Funding is a direct lender that combines the best of online lending and face-to-face lending, and is quite impressive. Let’s see how they stack up:

Company Overview

Founded in 2003, New American Funding funds more than $1 billion in loans monthly, and also boasts more than 130 nationwide branches. They have an exceptional website, and nothing less than stellar reviews.

MORE: Calculate your monthly mortgage payment

What New American Does Best

They give customers a lot of options. No matter which mortgage type you want (fixed, ARM, FHA, VA, etc.) they have it, at very competitive rates and terms. They also handle HARP refis, and even home improvement loans.

In addition, they have a great website, and even the landing pages offer a quick way to get to tools, calculators, and all kinds of info. They also offer 130+ retail brick and mortar locations, making them a good mix of new and old.

MORE: Calculate your monthly mortgage payment

Any Negatives?

Not really. They aren’t a loan aggregator, so you can’t compare loan rates. But that’s ok (because they are a direct lender). Also, some others have been in business longer, which some people like.

What Others Are Saying

They have an A+ BBB rating, and solid reviews everywhere I looked. The enthusiasm for this company is impressive.

Our Final Verdict: 8.8/10

I really liked New American Funding. And the addition of retail locations, along with the loan types, excellent website, paints a solid picture for anyone looking for a mortgage or refi loan. New American Funding is the complete package - all the loan types, a great website, and excellent reviews. Definitely check them out.

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